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John McAfee backs out of promise to self-cannibalize if Bitcoin fails to hit $1 million
He won't be eating his sausage on TV
Recap: People were excited about Bitcoin back in 2017 -the year when the cryptocurrency reached its peak of almost $20,000. Tech legend John McAfee was certainly optimistic about the coin's future: he promised to eat his d*ck on national television if it didn't reach $500,000 in three years, eventually changing that prediction to $1 million. It's now 2020, and Bitcoin is worth around $7,700, but don't expect to see McAfee consume his genitals anytime soon; he claims the whole thing was just a ruse.
Despite his name being synonymous with one of the world's leading anti-virus products, most people know McAfee for his exploits outside of tech, such as being the prime suspect in a murder in Belize, his presidential run, and giving his opinion on pretty much everything. But his promise to eat his junk on TV if Bitcoin fails to reach one million dollars by December 31, 2020, has brought plenty of attention.
As noted by the website The Dickening (via TNW), Bitcoin's price needs to increase around $992,258 this year to reach McAfee's prediction. That works out at $2,787 per day. Surprisingly, the crypto has experienced equivalent growth surges in the past -in 2011 and 2012/2013, when its price was a lot lower -but it seems McAfee has lost confidence that his claim will come to pass.
In a recent tweet, McAfee said the whole thing was "a ruse to onboard new users. It worked." Not surprisingly, this has invoked the anger of many Twitter and Reddit users.
Eat my dick in 12 months?
A ruse to onboard new users. It worked.
Bitcoin was first. It's an ancient technology. All know it.
Newer
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